October 14, 2014

For immediate release

Company Name: Dai Nippon Printing Co., Ltd. Stock Code: 7912 (TSE1)
Name of Representative: Yoshitoshi Kitajima, President
Direct queries to: Takaaki Tamura, General Manager, Press and Public Relations
TEL: +81-3-5225-8220

Subsidiary BUNKYODO GROUP HOLDINGS CO., LTD.'s Revisions of Earnings Forecasts

Based on the latest earnings trends, Dai Nippon Printing Co., Ltd. (DNP) subsidiary BUNKYODO GROUP HOLDINGS CO., LTD. announced today revisions of its earnings forecasts, originally published on April 10, 2014. Please see the attachment.

The impact of the revisions on DNP's consolidated and non-consolidated financial performance in the current fiscal year ending March 2015 is likely to be minimal.

Attachment


For immediate release

October 14, 2014

Company Name: BUNKYODO GROUP HOLDINGS CO., LTD.
Stock Code: JASDAQ 9978
Name of Representative: Fujio Shimazaki, President
Direct queries to: Mitsuhide Munakata, Managing Director, Manager of Administrative Headquarters TEL: +81-44-811-0118

Revisions of Earnings Forecasts and Partial Reversal of Deferred Tax Assets

BUNKYODO GROUP HOLDINGS CO., LTD. announced today the following revisions of its earnings forecasts, originally published on April 10, 2014, based on the latest earnings trends.

1. Revisions of consolidated earnings forecasts for the fiscal year ended August 31, 2014 (1) For the fiscal year ended August 31, 2014 (September 1, 2013-August 31, 2014)

Net sales

Operating income (loss)

Ordinary income (loss)

Net income

(loss)

Net income (loss) per share

Previous forecast (A)

Million yen

33,600

Million yen

30

Million yen

60

Million yen

20

Yen

1.02

Revised forecast (B)

33,284

(491)

(444)

(831)

(59.91)

Change (B-A)

(316)

(521)

(504)

(851)

-

Change (%)

(0.9)

-

-

-

-

Previous year result (fiscal year ended August 31, 2013)

34,608

(14)

17

(289)

(21.17)

(2) Reasons for the revisions

Sales were generally on target.
The downward revisions for operating income and ordinary income reflect a decrease in gross profits due to lower sales and an increase in costs related to initially planned store openings and remodeling.
The downward revision for net income reflects a ¥357 million increase in tax costs from the partial reversal of deferred tax assets after careful examination of the prospects of recovering deferred tax assets in light of the future earnings outlook.

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